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Magnis Energy Technologies Limited ( (AU:MNS) ) has provided an announcement.
Magnis Energy Technologies Ltd has reported that the directors of IM3NY LLC and Imperium3 New York Inc have filed for creditor protection under Chapter 11 of the US Bankruptcy Code. This move allows the companies to reorganize their debt while continuing operations. The announcement may have implications for Magnis’s operations and industry positioning, given the potential impact on its involvement in the lithium-ion battery supply chain.
More about Magnis Energy Technologies Limited
Magnis Energy Technologies Ltd is a vertically integrated company in the lithium-ion battery technology and materials sector, focusing on the lithium-ion battery supply chain. The company aims to support the mass adoption of electric mobility and renewable energy storage, which are essential for the green energy transition.
YTD Price Performance: 0%
Average Trading Volume: 108,613
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $31.67M
Find detailed analytics on MNS stock on TipRanks’ Stock Analysis page.
